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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (180875)	7/17/2002 4:27:08 PM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 436258

pure fud IBM earns 3 cents a share, beats sales target Last Update: 7/17/2002 4:16:46 PM IBM reported sales of $19.7 billion, including results from its hard disk-drive business, beating Wall Street expectations of only $19.4 billion. Big Blue's net earnings, including charges of 81 cents a share for restructuring and job cuts, were 3 cents a share, down from $1.15 a share last year. The earnings were 84 cents a share, excluding charges. Analysts on average projected earnings to be about 83 cents a share, on average, down 28 percent from the year-ago period, according to Thomson Financial/First Call, on a sales drop of about 10 percent. But some analysts made adjustments for IBM's June sale of its hard disk-drive business, while others did not. Shares of IBM rose $1.68 to $70.69 in regular trading on the New York Stock Exchange.